Embassy Developments Limited (formerly Equinox India Developments Limited) announced key operational updates for the quarter ended June 30, 2026 (Q1 FY27). The company reported a significant year-on-year growth in pre-sales, achieving approximately ₹868 crore in Q1 FY27, a substantial increase from ₹198 crore in Q1 FY26, marking a growth of approximately 338%. Of the approximately 4.3 million sq. ft. launched during FY26, about 2.5 million sq. ft. (59%) had been sold as of June 30, 2026. Projects in Bengaluru demonstrated strong absorption, with approximately 72% of the launched inventory sold within six months of their launch. Collections for Q1 FY27 were approximately ₹496 crore, compared to ₹322 crore collected in the same period of the previous fiscal year, reflecting a 54% increase. As of June 30, 2026, the company's net institutional debt stood at approximately ₹3,363 crore, after accounting for cash and cash equivalents of approximately ₹1,202 crore.
